Fry’s electronics, once the envy of the tech world, is closing.The company said Tuesday that it would shutter the division as it prepares for a $2.5 billion restructuring that will include selling off its $2 billion stake in rival JetBlue Airways.Fry’s, which has about 4,500 employees in North America, Europe and Asia, said it would […]
Fry’s electronics is closing down after months of declining sales and an increasingly competitive electronics industry.The company said on Wednesday it had decided to close the Co-Electronics division as a result of lower sales.It has now shifted focus to the manufacturing and distribution of its other products, including its popular F-Series electric vehicles.Fry said the […]